Dec 7, 2012 2:00pm EST
are pleased to have our distinguished colleagues chuck schumer from new york, bob mendez from new jersey and i believe senator gillibrand will be here shortly. the senators have been a strong partners in this rebuilding effort. it is a great privilege to work together. we are really strong team we share the value of a quick action and sufficient resources to get this job done. as i mentioned, we are in the largest transportation. in the country and it takes diligence and skill of our friends and colleagues. senator schumer. >> thank you, mr. chairman. first, thank you for this hearing but also for your great partnership. new york and new jersey were together as a bipartisan by-date delegation along with our colleagues from rest of the northeast to deal with this awful, awful devastation. it is good you are in so many important positions that will have a lot of say in how we deal with this and we're grateful for that as well as your leadership. thank you, ranking member, senator wicker. west hamilton beach was in my old congressional district. it is one of the few volunteer fire departments in
Dec 7, 2012 10:30pm EST
on unemployment insurance that they're no longer employable at all. host: bob receives unemployment insurance. tell us about your situation. caller: i'm a single-earner, and thank god i have made a good living. assuming i could get a job, and nothing against the folks at fast food or nothing like that, but if you were making a minimum amount of money, with my situation, i would be in the street using that job. i could not pay my bills. i am not talking about luxuries. i rent. i would not be able to pay that. thank god unemployment insurance is geared to what you used to make, so that, and by the way, i am in my 60's. it is not easy. without that amount coming in that is based on what i used to make, i would not be able to survive. i would be industry. -- in the street. host: mr. josh bivens, a chance on this one. guest: that points out that unemployment insurance is a form of social insurance. people take lower wages because the employer has to pay tax. they pay into the system while things are going well, and if they hit a rough spot they hit a benefit that somewhat match its previous earnin
Dec 10, 2012 8:00pm EST
than we do of linking appropriations. host: let's hear from bob in minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. it is manipulated by the federal reserve and the treasury department. it is going to go from a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that actually comes to be? guest: that clearly is a ticking time bomb for any part of the federal government. we are in a period of unusually low interest rates. when they rise, it is going to be a body blow to the national politics and the country. the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is greece. host: what does it mean for the pentagon? guest: greece used to be one of the only three non-u.s. countries in nato that was spending 2% of gdp on national security. they are now below that because they cannot afford it.
Dec 14, 2012 2:00pm EST
'd like to thank bob rose. i can think of no better way to launch this initiative and with the speakers we have assembled here today. our panelists, michael mccaul, and mike rogers, chairman of the house permanent select committee on intelligence. white house cybersecurity coordinator howard schmidt and chairman and ceo of boston properties, editor in chief of "u.s. news and world report," owner and publisher of "the new york daily news." our first speaker is michael chertoff. it would be difficult to imagine anyone better suited to head the cybersecurity initiative than secretary chertoff. as secretary of homeland security from 2005 until 2009, he was responsible for implementing immigration policy, homeland security regulation, and spearheading a national cybersecurity effort. from 2003 until 2005, he served as a federal judge at the u.s. court of appeals for the third circuit. from 2001 until 2003, he was an assistant attorney general of the u.s. as chairman of the board of directors of bae systems, he is an advocate for cybersecurity and the private sector. please welcome secretary mic